When emergencies arise and you need money quickly without harming your credit score, Alabama title pawns can be a lifesaver. Alabama Title Loans, Inc., offers fast, accessible solutions without affecting your credit.

Many people wonder, "Do title pawns affect your credit score?" The answer is no—acquiring Alabama title pawns does NOT affect your credit score. You can get the money you need quickly without worrying about any impact on your credit score.

All You Should Know about Title Pawns and Your Credit Score

What Are Title Pawns?

Title pawns are short-term loans based on the value of a vehicle. A lien is placed against the car title and held by the lender until the loan is repaid in full.

In simple terms, a title pawn is a secured loan because it uses collateral to secure the loan amount—your vehicle's title. Secured loans typically don't require perfect credit, as the collateral provides a guarantee.

Unlike unsecured loans, which require a credit check due to the lack of collateral, Alabama title pawns are based on the collateral of your vehicle and generally don't require a credit check.

When someone inquires about a title pawn, they are looking to borrow money based on their car's value. According to an inspection by a representative at Alabama Title Loans, Inc., the amount received depends solely on the vehicle’s worth.

Can You Keep Your Vehicle with Title Pawns?

Many people are surprised to learn that they can still drive their car as usual while having a title pawn. In fact, one of the first questions asked is, "Can I keep my vehicle while having Alabama title pawns?"

The answer is yes—you will always have access to your car just as before receiving a title pawn. Just adhere to the payment agreement and follow the guidelines of the title pawn.

What About Bad Credit?

Anyone, regardless of their credit status—including bad or no credit—can apply for title pawns. This accessibility makes title pawns an appealing option for those who have faced financial challenges and need quick access to cash.

What Is a Lien-Free Title?

A lien-free title means that the person inquiring about a title pawn doesn’t have any judgments or other loans on their vehicle. It also means that the car owner owns their vehicle outright and doesn’t owe money to another lender for the same vehicle’s title.

Does a Car Title Need to Be in Your Name?

To obtain a title pawn, the vehicle’s title must be in the applicant’s name. If the title isn't in your name, you'll need to visit the DMV to transfer the title to your name before requesting the title pawn.

If the title is held by two names, both individuals must sign for the title pawn unless there is an 'or' between the names on the title.

Where Can You Find a Title Pawn Lender Near You?

Wondering, “How can I find title pawns near me?” Alabama Title Loans, Inc. has multiple locations throughout the state. You can find the nearest location by visiting the Locations Page or filling out a short online form on our website.

After submitting the form, a representative will contact you to discuss your details, answer questions, and guide you to the nearest location.

You will need to provide the following items:

• Driver’s License or State-issued ID
• Lien-Free Title to Your Vehicle
• Your Vehicle for Inspection

Once everything has been completed, you could have the money you need in as little as thirty minutes. You can also go directly to an Alabama Title Loans, Inc. store if you don’t have access to the internet.

Get Started Today!

Alabama title pawns don’t affect your credit score, and they can help you when you need to get a hold of some cash quickly for unexpected emergencies. Just make sure you stick to the agreed upon payment schedule, and everything will be smooth sailing! And if NOW is the right time to get your title pawn in Alabama, don’t hesitate to get started by filling out a short intake form on our website.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.